US Small Business Administration Salaries10/03/2022
President Trump’s nominee to head the Cabinet-level Small Business Administration, former pro-wrestling industry executive Linda McMahon, on Tuesday disavowed an earlier flirtation with a 2010 Obama administration proposal to merge that agency into the Commerce Department. The Administration and SBA continue to increase efforts and collaboration to provide more opportunities for small businesses to compete for and win federal contracts. Linda McMahon, the co-founder of the pro-wrestling enterprise World Wrestling Entertainment, was selected Wednesday by President-elect Donald Trump to head the Small Business Administration.
Restructuring most any given business loan with built-up equity should immediately reduce monthly payments and interest rates, as well as the opportunity to remodel, upgrade, and/or expand operations. Attaining a high volume of new and returning lenders from one fiscal year to the next will create a consistent pipeline of SBA loans into the hands of small business.
Her nomination reflects the incoming president’s penchant for reaching outside traditional political, government and business circles in staffing his administration. To help push our agenda forward, I am pleased to nominate Linda McMahon as the head of the Small Business Administration,” Trump said in a statement released Wednesday.
Small business is the undisputed engine of job growth and these programs get them the funds they need to operate and expand their business. This represents a 36.6 percent increase when compared to the prior Administration. A 2007 report issued by the General Accountability Office stated that poor planning on the part of the SBA resulted in costly delays in helping small business owners in the hurricane’s aftermath.
Students will prepare, either individually or in teams, a comprehensive business plan for a new venture. In addition, SBA’s National Ombudsman plays a key role in helping small business owners deal with specific regulatory burdens and challenges that result from federal agency processes.